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The Act provides a structure under which commercial banking in India is supervised and regulated. The Act supplements the Companies Act, 1956. Primary Agricultural Credit Society and cooperative land mortgage banks are excluded from the Act. Several powers are provided by the Act to the Reserve Bank of India: to license banks, have regulation over shareholding and voting rights of shareholders; to supervise the appointment of the boards and management; to regulate the operations of banks; to lay down instructions for audits; control moratorium, mergers and liquidation; to issue directives in the interests of public good and on banking policy, and impose penalties
Tata Power has received a Rs 450 crore sustainable trade finance facility from which country’s bank to fund its solar projects in India?
Which of the following statements is/are correct about the electric microcar "Robin" set to launch in 2025?
1. Robin is a two-seater electric veh...
The "Har Ghar Dastak 2.0" campaign focuses on what primary objective?
Pension Fund Regulatory and Development Authority (PFRDA) has increased the upper age limit for Ombudsman to ______ from 65 years.
Who won FIDE World Chess Championship 2021?
How much has been allocated for the National Mission on Natural Farming (NMNF) by the Union Cabinet?
What was the primary objective of the Digital India Act (DIA) introduced in September 2024?
Justice Mohammad Yousuf Wani was administered the oath of office as an Additional Judge of which High Court?
What campaign did Prime Minister Narendra Modi initiate across the country aimed at making pilgrimage sites clean?
The National Human Rights Commission India has selected ‘Street Student’ by Mr. Akula Sandeep for the first prize of Rs. 2 lakh of its seven...